Renminbi internationalisation and US dollar hegemony

• Main Authors: Chan, Elgin, Li, Mingjiang
• Other Authors: S. Rajaratnam School of International Studies
• Format: Commentary
• Language: English
• Published: 2023
• Subjects: Social sciences::Political science; Country and Region Studies; International Political Economy
• Online Access: https://hdl.handle.net/10356/164746
• Institution: Nanyang Technological University

China has made some progress over the last two decades to promote the internationalisation of the Chinese Renminbi (RMB). International sanctions on Russia for its invasion of Ukraine have been helpful to its efforts. But policies within China’s own financial system will continue to constrain the RMB’s global influence.